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Top 10 Countries By Total Insurance Premiums Per Capita And Percent Of Gross Domestic Product (GDP), 2021 (1)
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Rank Country Total premiums
per capita		 Rank Country Total premiums as
a percent of GDP
1 Cayman Islands (2) $19,177 1 Laos (2) 113%
2 Hong Kong 9,556 2 Cayman Islands 21.0
3 Denmark (2) 8,846 3 Hong Kong (2) 19.6
4 United States (2), (4) 8,193 4 Taiwan 14.8
5 Macao (2) 6,892 5 South Africa (2) 12.2
6 Singapore (2), (3) 6,742 6 United States (2), (4) 11.7
7 Switzerland (2) 6,610 7 Denmark (2) 11.4
8 Ireland (3) 6,063 8 United Kingdom (2), (3) 11.1
9 Finland 5,600 9 South Korea (2), (5) 10.9
10 Luxembourg (2), (3) 5,585 10 Finland 10.3
  Total world $874   Total world 7.0%

(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2021 to March 31, 2022.

Source: Swiss Re, sigma, No. 4/2022.

 

Archived Tables

Top 10 Countries by Total Insurance Premiums Per Capita and Percent of Gross Domestic Product (GDP), 2015 (1)
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Rank Country Total premiums per capita Rank Country Total premiums as a percent of GDP
1 Cayman Islands $12,619.3 1 Cayman Islands 20.24%
2 Switzerland 7,370.3 2 Taiwan 18.97
3 Hong Kong 6,271.2 3 Hong Kong 14.76
4 Luxembourg 5,401.3 4 South Africa 14.69
5 Finland 4,963.2 5 Finland 11.86
6 Denmark 4,914.2 6 South Korea (2) 11.42
7 Netherlands 4,763.1 7 Japan (2) 10.82
8 United Kingdom 4,358.5 8 Netherlands 10.72
9 United States 4,095.8 9 United Kingdom 9.97
10 Taiwan 4,094.1 10 Denmark 9.43
  World $621.2   World 6.23%

(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2015, to March 31, 2016.

Source: Swiss Re, sigma, No. 3/2016.

 
Top 10 Countries By Total Insurance Premiums Per Capita And Percent Of Gross Domestic Product (GDP), 2016 (1)
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Rank Country Total premiums
per capita		 Rank Country Total premiums
as a percent of GDP
1 Cayman Islands $12,160.3 1 Cayman Islands 22.60%
2 Hong Kong 7,678.8 2 Taiwan 19.99
3 Switzerland 6,933.5 3 Hong Kong 17.60
4 Denmark 5,158.7 4 South Africa 14.27
5 Finland 5,060.7 5 South Korea (2) 12.08
6 Netherlands 4,716.9 6 Finland 11.75
7 Luxembourg 4,589.3 7 Netherlands 10.39
8 Ireland 4,408.4 8 United Kingdom 10.16
9 Taiwan 4,320.7 9 Denmark 9.58
10 United States 4,174.1 10 Japan (2) 9.51
  Total world $638.3   Total world 6.28%

(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2016 to March 31, 2017.

Source: Swiss Re, sigma, No. 3/2017.

 
Top 10 Countries By Total Insurance Premiums Per Capita and Percent of Gross Domestic Product (GDP), 2017 (1)
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Rank Country Total premiums
per capita		 Rank Country Total premiums
as a percent of GDP
1 Cayman Islands $12,122 1 Taiwan 21.32%
2 Hong Kong 8,313 2 Cayman Islands 19.61
3 Switzerland 6,811 3 Hong Kong 17.94
4 Denmark 5,772 4 South Africa 13.75
5 Luxembourg 5,011 5 South Korea (2) 11.57
6 Taiwan 4,997 6 Finland 10.65
7 Singapore 4,749 7 Denmark 10.21
8 Finland 4,737 8 United Kingdom 9.58
9 Ireland 4,687 9 Netherlands 9.56
10 Netherlands 4,631 10 France 8.95
  Total world $650   Total world 6.13%

(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2017 to March 31, 2018.

Source: Swiss Re, sigma, No. 3/2018.

 
Top 10 Countries by Total Insurance Premiums Per Capita and Percent of Gross Domestic Product (GDP), 2018 (1)
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Rank Country Total premiums
per capita		 Rank Country Total premiums as
a percent of GDP
1 Cayman Islands $11,642 1 Taiwan 20.88%
2 Hong Kong 8,863 2 Hong Kong 18.16
3 Switzerland 6,934 3 Cayman Islands 17.51
4 Denmark 6,289 4 South Africa 12.89
5 Ireland 5,253 5 South Korea (2) 11.16
6 Taiwan 5,161 6 United Kingdom 10.61
7 Luxembourg 5,001 7 Denmark 10.37
8 Singapore 4,958 8 Finland 9.87
9 Finland 4,926 9 Netherlands 9.24
10 Netherlands 4,890 10 France 8.89
  Total world $682   Total world 6.09%

(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2018 to March 31, 2019.

Source: Swiss Re, sigma, No. 3/2019.

 
Top 10 Countries by Total Insurance Premiums Per Capita and Percent of Gross Domestic Product (GDP), 2019 (1)
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Rank Country Total premiums
per capita		 Rank Country Total premiums as
a percent of GDP
1 Cayman Islands $12,764 1 Taiwan 19.97%
2 Hong Kong 9,706 2 Hong Kong 19.74
3 United States 7,495 3 Cayman Islands 19.18
4 Switzerland 6,835 4 South Africa 13.40
5 Denmark 6,384 5 United States 11.43
6 Ireland 5,920 6 South Korea (2) 10.78
7 Macao 5,551 7 Denmark 10.68
8 Luxembourg 5,165 8 Namibia 10.44
9 Taiwan 4,993 9 United Kingdom 10.30
10 Finland 4,948 10 Finland 10.17
  Total world $818   Total world 7.23%

(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2019 to March 31, 2020.

Source: Swiss Re, sigma, No. 4/2020.

 
Top 10 Countries By Total Insurance Premiums Per Capita And Percent Of Gross Domestic Product (GDP), 2020
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Rank Country Total premiums
per capita		 Rank Country Total premiums as
a percent of GDP
1 Cayman Islands $11,479 1 Hong Kong 20.8%
2 Hong Kong 9,746 2 Taiwan 17.4
3 United States 7,673 3 Cayman Islands 14.5
4 Switzerland 7,224 4 South Africa 13.7
5 Denmark 6,521 5 United States 12.0
6 Singapore 5,638 6 South Korea (2) 11.6
7 Macao 5,593 7 United Kingdom 11.1
8 Ireland 5,588 8 Denmark 11.0
9 Finland 5,218 9 Finland 10.7
10 Netherlands 5,022 10 Netherlands 9.6
  Total world $809   Total world 7.4%

(1) Includes nonlife and life insurance and cross-border business.
(2) April 1, 2020 to March 31, 2021.

Source: Swiss Re, sigma, No.3/2021.